Dell Technologies is raising approximately $4 billion through an investment-grade bond sale. The company will use the proceeds to refinance debt maturing in 2026. The deal features four parts with maturities ranging from three to ten years.

Surging demand for AI-optimized servers drives this financial strategy. Dell’s Infrastructure Solutions Group reported a 58% year-over-year revenue increase in the second quarter of fiscal 2027.

The refinancing aims to improve the balance sheet and free up cash flow.